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the spot rate for euros is current $1.18 / Euro and the 7- month forward rate is $1.24/ Euro. What is the forward premium/discount? Provide

the spot rate for euros is current $1.18 / Euro and the 7- month forward rate is $1.24/ Euro. What is the forward premium/discount?

Provide your answer in percent, rounded to two decimals, omitting the % sign. Indicate a premium with a positive and a discount with a negative number

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